Angeles Equity Partners, LLC, a Los Angeles, CA-based private investment firm, closed its first fund, at $360m.
Angeles Equity Partners I, L.P. and its parallel funds, collectively, AEP I, was supported by a diverse group of prominent institutional investors, including public and private pension plans, endowments, foundations, a sovereign wealth fund, and alternative asset managers in North America, Europe, and the Middle East.
Led by co-founders Timothy Meyer and Jordan Katz, Angeles Equity Partners focuses on investing in North American-based companies across a wide range of industrial sectors. The firm make control-oriented equity investments in closely held or family owned businesses, and non-core subsidiaries of larger companies, as well as buy-and-build opportunities with proven executives.
AEP I has already invested in ERP Power a manufacturer of small, smart and efficient power electronics for LED lighting, and Applied Acoustics International, a tier-one automotive supplier specializing in noise, vibration and harshness products.